Bilibili announces repurchase right for 1.375% convertibles due 2026

By Marisa Wong

Los Angeles, Feb. 20 – Bilibili Inc. is notifying holders of its 1.375% convertible senior notes due 2026 (Cusip: 090040AB2) that each holder has the right to require the company to repurchase all or any portion of their notes for cash on April 1.

The repurchase price is par plus accrued interest to but excluding the April 1 repurchase date.

Holders may exercise their repurchase right from 12:01 a.m. ET on Feb. 29 until 5 p.m. ET on March 28.

Tenders may be withdrawn at any time prior to the deadline.

As of Feb. 20, $429,343,000 aggregate principal amount of the notes is outstanding.

Deutsche Bank Trust Co. Americas is the trustee and paying agent.

Bilibili is a Shanghai-based video-sharing website.

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